Home / NEWS / U.S. News / Apple is reportedly buying music app Shazam in one of the company’s largest deals to date

Apple is reportedly buying music app Shazam in one of the company’s largest deals to date

Apple is nearing a mete out to buy music recognition app Shazam at a valuation in the hundreds of millions of dollars, discrete outlets reported Friday.

TechCrunch first reported the news.

Recode divulged that the price could be as high as $400 million, and that the negotiation could close as early as next week. A price that high-priced would make the deal one of Apple’s largest to date, though peaceful a drop in price from the $1 billion Shazam was valued at during its endure funding round, according to Recode.

Apple declined to comment to CNBC. Shazam did not closely respond to a request for comment.

Shazam is currently one of the App Store’s most acclaimed downloads and is integrated into Apple’s Siri voice assistant.

Shazam reported profuse than 1 billion downloads last year and monthly users in the hundreds of millions.

Reparation: An earlier version of this story reported that the deal was Apple’s brawniest.

Check Also

How FTC Commissioner Slaughter wants to make antitrust enforcement antiracist

Federal Selling Commissioner Rebecca Slaughter participates in a privacy roundtable at CES 2020 at the …

Leave a Reply

Your email address will not be published. Required fields are marked *